Vetr upgraded shares of Paypal (NASDAQ:PYPL) from a buy rating to a strong-buy rating in a research report report published on Monday, January 1st. They currently have $82.59 price target on the credit services provider’s stock.
A number of other brokerages also recently commented on PYPL. Credit Suisse Group reiterated an outperform rating and set a $85.00 price target (up from $74.00) on shares of Paypal in a report on Friday, November 17th. Barclays raised their target price on shares of Paypal from $75.00 to $78.00 and gave the stock an overweight rating in a research report on Friday, October 20th. Citigroup reaffirmed a buy rating and set a $87.00 price target on shares of Paypal in a research report on Friday, November 17th. Zacks Investment Research lowered shares of Paypal from a buy rating to a hold rating in a research note on Thursday, November 2nd. Finally, Argus lifted their price objective on shares of Paypal from $80.00 to $87.00 and gave the company a buy rating in a research note on Friday, November 17th. Ten analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Paypal presently has a consensus rating of Buy and a consensus target price of $76.05.
Shares of Paypal (NASDAQ PYPL) traded up $0.38 on Monday, reaching $79.75. 5,065,200 shares of the company traded hands, compared to its average volume of 8,792,300. Paypal has a 1 year low of $39.02 and a 1 year high of $80.39. The stock has a market cap of $95,850.00 and a P/E ratio of 62.30.
Paypal (NASDAQ:PYPL) last issued its earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.03. Paypal had a net margin of 12.69% and a return on equity of 11.33%. The business had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.18 billion. During the same quarter in the prior year, the business posted $0.35 EPS. The company’s revenue for the quarter was up 21.4% on a year-over-year basis. analysts anticipate that Paypal will post 1.37 EPS for the current year.
In related news, Director Rodney C. Adkins bought 6,750 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was purchased at an average price of $74.04 per share, with a total value of $499,770.00. Following the completion of the transaction, the director now directly owns 10,149 shares of the company’s stock, valued at $751,431.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 6.00% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the company. FMR LLC boosted its holdings in Paypal by 36.1% in the second quarter. FMR LLC now owns 82,268,871 shares of the credit services provider’s stock valued at $4,415,371,000 after acquiring an additional 21,814,940 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Paypal by 2.8% during the second quarter. Vanguard Group Inc. now owns 77,758,731 shares of the credit services provider’s stock worth $4,173,311,000 after purchasing an additional 2,115,017 shares during the period. BlackRock Inc. raised its position in Paypal by 4.7% in the 2nd quarter. BlackRock Inc. now owns 62,938,949 shares of the credit services provider’s stock valued at $3,377,936,000 after buying an additional 2,835,027 shares during the last quarter. Fundsmith LLP increased its position in shares of Paypal by 6.8% during the 2nd quarter. Fundsmith LLP now owns 14,051,261 shares of the credit services provider’s stock worth $754,131,000 after purchasing an additional 889,976 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in shares of Paypal by 0.7% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 12,608,026 shares of the credit services provider’s stock worth $676,673,000 after purchasing an additional 84,888 shares during the last quarter. Institutional investors own 80.73% of the company’s stock.
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PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.
To view Vetr’s full report, visit Vetr’s official website.
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